[8-K] Weyco Group Inc Reports Material Event
First Watch Restaurant Group (FWRG) has filed a Form S-8 to register 3,596,056 additional common shares for issuance under its 2021 Equity Incentive Plan. The newly registered shares represent the automatic annual 鈥渆ver-green鈥� increases of 1,184,220, 1,197,834 and 1,214,002 shares that became available on 26-Dec-22, 1-Jan-24 and 30-Dec-24, respectively. Annual increases are limited to the lesser of 2 % of outstanding shares, a Board-approved amount or 4,034,072 shares. The filing is purely administrative鈥攏o changes to plan terms, no financial results, and no material corporate events are disclosed. Standard Delaware indemnification provisions, exhibit list and signatures are included.
First Watch Restaurant Group (FWRG) ha depositato un modulo S-8 per registrare 3.596.056 azioni ordinarie aggiuntive da emettere nell'ambito del suo Piano di Incentivi Azionari 2021. Le azioni appena registrate rappresentano gli aumenti annuali automatici 鈥渆ver-green鈥� di 1.184.220, 1.197.834 e 1.214.002 azioni, disponibili rispettivamente dal 26-dic-22, 1-gen-24 e 30-dic-24. Gli aumenti annuali sono limitati al minore tra il 2% delle azioni in circolazione, un importo approvato dal Consiglio o 4.034.072 azioni. La registrazione 猫 puramente amministrativa 鈥� nessuna modifica ai termini del piano, nessun risultato finanziario o evento societario rilevante 猫 stato comunicato. Sono incluse le disposizioni standard di indennizzo del Delaware, la lista degli allegati e le firme.
First Watch Restaurant Group (FWRG) ha presentado un formulario S-8 para registrar 3,596,056 acciones ordinarias adicionales para emisi贸n bajo su Plan de Incentivos de Capital 2021. Las acciones reci茅n registradas representan los incrementos anuales autom谩ticos 鈥渆ver-green鈥� de 1,184,220, 1,197,834 y 1,214,002 acciones, que estuvieron disponibles el 26-dic-22, 1-ene-24 y 30-dic-24, respectivamente. Los incrementos anuales est谩n limitados al menor entre el 2% de las acciones en circulaci贸n, un monto aprobado por la Junta o 4,034,072 acciones. La presentaci贸n es puramente administrativa 鈥� sin cambios en los t茅rminos del plan, sin resultados financieros ni eventos corporativos materiales divulgados. Se incluyen las disposiciones est谩ndar de indemnizaci贸n de Delaware, la lista de anexos y las firmas.
First Watch Restaurant Group (FWRG)電� 2021雲� 欤检嫕 鞚胳劶韹半笇 頂岆灉鞐� 霐半澕 氚滍枆頃� 於旉皜 氤错喌欤� 3,596,056欤茧ゼ 霌彪頃橁赴 鞙勴暣 S-8 鞏戩嫕鞚� 鞝滌稖頄堨姷雼堧嫟. 靸堧 霌彪霅� 欤检嫕鞚� 臧侁皝 2022雲� 12鞗� 26鞚�, 2024雲� 1鞗� 1鞚�, 2024雲� 12鞗� 30鞚检棎 鞛愲彊鞙茧 鞐瓣皠 '鞐愲矂攴鸽Π'鞙茧 歃濌皜頃� 1,184,220, 1,197,834, 1,214,002欤茧ゼ 雮橅儉雰呺媹雼�. 鞐瓣皠 歃濌皜電� 氚滍枆 欤检嫕鞚� 2%, 鞚挫偓須� 鞀轨澑 旮堨暋 霕愲姅 4,034,072欤� 欷� 鞝侅潃 旮堨暋鞙茧 鞝滍暅霅╇媹雼�. 鞚措矆 鞝滌稖鞚� 靾滌垬 頄夓爼鞝� 鞝堨皑搿�, 頂岆灉 臁瓣贝 氤�瓴�, 鞛 瓴瓣臣 霕愲姅 欷戩殧頃� 旮办梾 鞚措菠韸鸽姅 瓿店皽霅橃 鞎婌晿鞀惦媹雼�. 響滌 雿鸽澕鞗柎 氅挫眳 臁绊暛, 觳秬 氇╇ 氚� 靹滊獏鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟.
First Watch Restaurant Group (FWRG) a d茅pos茅 un formulaire S-8 pour enregistrer 3 596 056 actions ordinaires suppl茅mentaires 脿 茅mettre dans le cadre de son Plan d'Incitation en Actions 2021. Les actions nouvellement enregistr茅es repr茅sentent les augmentations annuelles automatiques 芦 ever-green 禄 de 1 184 220, 1 197 834 et 1 214 002 actions, devenues disponibles respectivement le 26 d茅c. 22, 1 janv. 24 et 30 d茅c. 24. Les augmentations annuelles sont limit茅es au moindre entre 2 % des actions en circulation, un montant approuv茅 par le conseil d'administration ou 4 034 072 actions. Le d茅p么t est purement administratif 鈥� aucun changement aux termes du plan, aucun r茅sultat financier ou 茅v茅nement d'entreprise important n'est divulgu茅. Les dispositions standard d'indemnisation du Delaware, la liste des annexes et les signatures sont incluses.
First Watch Restaurant Group (FWRG) hat ein Formular S-8 eingereicht, um 3.596.056 zus盲tzliche Stammaktien zur Ausgabe im Rahmen seines Aktienanreizplans 2021 zu registrieren. Die neu registrierten Aktien stellen die automatischen j盲hrlichen 鈥濫ver-Green鈥�-Erh枚hungen von 1.184.220, 1.197.834 und 1.214.002 Aktien dar, die am 26.12.22, 01.01.24 und 30.12.24 verf眉gbar wurden. Die j盲hrlichen Erh枚hungen sind auf den geringeren Wert von 2 % der ausstehenden Aktien, einem vom Vorstand genehmigten Betrag oder 4.034.072 Aktien begrenzt. Die Einreichung ist rein administrativ 鈥� keine 脛nderungen der Planbedingungen, keine finanziellen Ergebnisse oder wesentliche Unternehmensereignisse werden offengelegt. Standardm盲脽ige Delaware-Haftungsfreistellungsbestimmungen, Anlagenverzeichnis und Unterschriften sind enthalten.
- Supports talent retention: refreshed share pool enables ongoing equity grants to employees in competitive labor market.
- Incremental dilution: registering 3.6 M new shares modestly increases potential dilution for existing shareholders.
Insights
TL;DR: Routine S-8 adds 3.6 M shares to equity plan; minor dilution, neutral earnings impact.
This filing simply refreshes the share reserve of FWRG鈥檚 2021 Equity Incentive Plan. The added shares equate to roughly 2 % of outstanding stock per year, in line with typical restaurant-sector practices. While the ability to grant equity aids retention amid industry labor tightness, near-term financials and cash flow remain unaffected. Potential dilution is modest and already signaled through the plan鈥檚 evergreen clause, so market impact should be limited.
TL;DR: Filing maintains board-approved evergreen structure; governance framework unchanged.
The board continues to exercise its discretionary cap within the plan鈥檚 4,034,072-share limit, demonstrating adherence to previously disclosed governance mechanics. Indemnification language and exhibit references mirror Delaware norms, and no amendments to charter or bylaws are introduced. Investors should view the action as standard course maintenance rather than a strategic shift.
First Watch Restaurant Group (FWRG) ha depositato un modulo S-8 per registrare 3.596.056 azioni ordinarie aggiuntive da emettere nell'ambito del suo Piano di Incentivi Azionari 2021. Le azioni appena registrate rappresentano gli aumenti annuali automatici 鈥渆ver-green鈥� di 1.184.220, 1.197.834 e 1.214.002 azioni, disponibili rispettivamente dal 26-dic-22, 1-gen-24 e 30-dic-24. Gli aumenti annuali sono limitati al minore tra il 2% delle azioni in circolazione, un importo approvato dal Consiglio o 4.034.072 azioni. La registrazione 猫 puramente amministrativa 鈥� nessuna modifica ai termini del piano, nessun risultato finanziario o evento societario rilevante 猫 stato comunicato. Sono incluse le disposizioni standard di indennizzo del Delaware, la lista degli allegati e le firme.
First Watch Restaurant Group (FWRG) ha presentado un formulario S-8 para registrar 3,596,056 acciones ordinarias adicionales para emisi贸n bajo su Plan de Incentivos de Capital 2021. Las acciones reci茅n registradas representan los incrementos anuales autom谩ticos 鈥渆ver-green鈥� de 1,184,220, 1,197,834 y 1,214,002 acciones, que estuvieron disponibles el 26-dic-22, 1-ene-24 y 30-dic-24, respectivamente. Los incrementos anuales est谩n limitados al menor entre el 2% de las acciones en circulaci贸n, un monto aprobado por la Junta o 4,034,072 acciones. La presentaci贸n es puramente administrativa 鈥� sin cambios en los t茅rminos del plan, sin resultados financieros ni eventos corporativos materiales divulgados. Se incluyen las disposiciones est谩ndar de indemnizaci贸n de Delaware, la lista de anexos y las firmas.
First Watch Restaurant Group (FWRG)電� 2021雲� 欤检嫕 鞚胳劶韹半笇 頂岆灉鞐� 霐半澕 氚滍枆頃� 於旉皜 氤错喌欤� 3,596,056欤茧ゼ 霌彪頃橁赴 鞙勴暣 S-8 鞏戩嫕鞚� 鞝滌稖頄堨姷雼堧嫟. 靸堧 霌彪霅� 欤检嫕鞚� 臧侁皝 2022雲� 12鞗� 26鞚�, 2024雲� 1鞗� 1鞚�, 2024雲� 12鞗� 30鞚检棎 鞛愲彊鞙茧 鞐瓣皠 '鞐愲矂攴鸽Π'鞙茧 歃濌皜頃� 1,184,220, 1,197,834, 1,214,002欤茧ゼ 雮橅儉雰呺媹雼�. 鞐瓣皠 歃濌皜電� 氚滍枆 欤检嫕鞚� 2%, 鞚挫偓須� 鞀轨澑 旮堨暋 霕愲姅 4,034,072欤� 欷� 鞝侅潃 旮堨暋鞙茧 鞝滍暅霅╇媹雼�. 鞚措矆 鞝滌稖鞚� 靾滌垬 頄夓爼鞝� 鞝堨皑搿�, 頂岆灉 臁瓣贝 氤�瓴�, 鞛 瓴瓣臣 霕愲姅 欷戩殧頃� 旮办梾 鞚措菠韸鸽姅 瓿店皽霅橃 鞎婌晿鞀惦媹雼�. 響滌 雿鸽澕鞗柎 氅挫眳 臁绊暛, 觳秬 氇╇ 氚� 靹滊獏鞚� 韽暔霅橃柎 鞛堨姷雼堧嫟.
First Watch Restaurant Group (FWRG) a d茅pos茅 un formulaire S-8 pour enregistrer 3 596 056 actions ordinaires suppl茅mentaires 脿 茅mettre dans le cadre de son Plan d'Incitation en Actions 2021. Les actions nouvellement enregistr茅es repr茅sentent les augmentations annuelles automatiques 芦 ever-green 禄 de 1 184 220, 1 197 834 et 1 214 002 actions, devenues disponibles respectivement le 26 d茅c. 22, 1 janv. 24 et 30 d茅c. 24. Les augmentations annuelles sont limit茅es au moindre entre 2 % des actions en circulation, un montant approuv茅 par le conseil d'administration ou 4 034 072 actions. Le d茅p么t est purement administratif 鈥� aucun changement aux termes du plan, aucun r茅sultat financier ou 茅v茅nement d'entreprise important n'est divulgu茅. Les dispositions standard d'indemnisation du Delaware, la liste des annexes et les signatures sont incluses.
First Watch Restaurant Group (FWRG) hat ein Formular S-8 eingereicht, um 3.596.056 zus盲tzliche Stammaktien zur Ausgabe im Rahmen seines Aktienanreizplans 2021 zu registrieren. Die neu registrierten Aktien stellen die automatischen j盲hrlichen 鈥濫ver-Green鈥�-Erh枚hungen von 1.184.220, 1.197.834 und 1.214.002 Aktien dar, die am 26.12.22, 01.01.24 und 30.12.24 verf眉gbar wurden. Die j盲hrlichen Erh枚hungen sind auf den geringeren Wert von 2 % der ausstehenden Aktien, einem vom Vorstand genehmigten Betrag oder 4.034.072 Aktien begrenzt. Die Einreichung ist rein administrativ 鈥� keine 脛nderungen der Planbedingungen, keine finanziellen Ergebnisse oder wesentliche Unternehmensereignisse werden offengelegt. Standardm盲脽ige Delaware-Haftungsfreistellungsbestimmungen, Anlagenverzeichnis und Unterschriften sind enthalten.
FAQ
How many additional FWRG shares are being registered under the 2021 Equity Incentive Plan?
What is the annual limit for FWRG's evergreen share increases?
Does the filing affect First Watch Restaurant Group's earnings or cash flow?
Will the new shares cause dilution for current FWRG shareholders?
Are there any changes to FWRG's corporate governance or bylaws in this filing?
